Bisola David
Tata International has signed a new agreement that will allow it to grow its activities in Nigeria by forming a strategic collaboration with the Lagos Free Zone.
The Times reported that the Managing Director of Tata Africa Holdings Pty Ltd, Mr. Len Brand, signed the agreement in the presence of the Managing Director of Tata International Limited, Mr. Anand Sen.
Tata International has been operating in Nigeria since 2006, and this step would help it strengthen its relationship with the country.
Tata International, a company known for high-quality goods and moral business practices throughout Africa, is thrilled to be a part of the Lagos Free Zone. This calculated action demonstrates our dedication to promoting growth in Nigeria and the larger wider African continent”, said Mr Sen.
LFZ is located in Lekki, the sunrise development corridor designated by the Lagos State Government to drive industrialization over the next two decades. It is promoted by Tolaram, a Singaporean company with over forty years of expertise in Nigeria.
The purpose of the deal with LFZ is to improve Tata International’s operational capabilities in the area through the leasing of a cutting-edge 6000-square-meter facility within LFZ.
The business stated in a statement that joining the Lagos Free Zone is the next step in extending Tata International’s long-standing presence in both Nigeria and the African continent.
“Tata International’s continued dedication to its long-standing presence in Nigeria and throughout the African continent is demonstrated by its participation in the Lagos Free Zone.
“Our partnership with Tolaram demonstrates our commitment to promoting economic expansion and heightened competitiveness. More efficiency, innovation, and specialization in the area are our goals with this relationship, Mr. Brand, MD of Tata Africa Holdings, continued.
“Tata International is unwavering in its mission to establish and maintain connections throughout Africa. The company’s reaffirmation of its dedication to generating opportunities and improving the local community is demonstrated by its entrance into the Lagos Free Zone. We remain committed to enhancing our current stronghold on the African continent,” it said in closing.
“We are delighted that Tata International, one of our most prestigious international clients, has decided to expand their operations in Nigeria through our ready-to-lease Standard Industrial Facility at the LFZ,” said Mr. Navin Nahata, a member of the Tolaram Board and the Managing Director of its infrastructure and fintech business. We are dedicated to helping Tata International through its next stage of expansion in Nigeria.
“The Lekki Port, the deepest seaport in the area, is uniquely connected with the Nigerian Free Zone, the country’s first and only free zone that opened for business in April 2023. Thus, LFZ offers a special position that will give our esteemed tenants easy and affordable access to local, regional, and global markets,” according to the CEO and Managing Director at Lagos Free Zone, Mr. Dinesh Rathi.
